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Tag Archives: Exchange Rate Mechanism (ERM) II

EC: Romania does not fulfill all the conditions to join the single currency

The European Commission (EC) just released the Convergence Report, the basis for the Council of the EU decision on whether a Member State fulfils the conditions for joining the euro area. The report assesses whether Member States that have not ...

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Romania would lose the benefits of independent monetary policy, after joining euro

Romania and Hungary would lose the benefits of independent monetary policy, after the euro adoption, but situation of external finances of both countries will be strengthened, Fitch Ratings said. “‘Euroisation’ (high level of loans in euros to the private and ...

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